Statement re Bank Facilities

Babcock International Group PLC
19 April 2004

Babcock International plc
19 April 2004





                This release appears as a matter of record only
            £140 million 3 year committed revolving credit facility



On 22 March 2004, Babcock International plc ('Babcock') announced a recommended
offer for Peterhouse Group plc ('Peterhouse'). In connection with the offer,
Babcock raised a £140 million three year committed revolving credit facility
with Mandated Lead Arrangers The Governor and Company of the Bank of Scotland,
HSBC Bank plc, The Royal Bank of Scotland plc, Allied Irish Banks, p.l.c. and
Danske Bank A/S to fund the cash elements of the offer and general and working
capital purposes, including the refinancing the existing committed banking
facilities of both companies at completion. The Governor and Company of the Bank
of Scotland, HSBC Bank plc and The Royal Bank of Scotland plc were Bookrunners.
The Royal Bank of Scotland plc is Facility Agent. All banks are relationship
lenders to Babcock or Peterhouse. Cazenove & Co. Ltd acted as Debt Financial
Adviser to Babcock.



Enquiries



Babcock International Group plc
Bill Tame, Finance Director                               020 7291 5002



Cazenove & Co. Ltd
Paul Reynolds, Director                                    020 7155 8844


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